Asteroid mining 2

Asteroid mining 2

Assessment

Interactive Video

Physics

11th Grade

Practice Problem

Hard

FREE Resource

13 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the estimated profit from mining the ten closest and highest-value asteroids, according to the Asterrank database?

1.5 billion USD

150 billion USD

1.5 trillion USD

15 trillion USD

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What primarily determines the value of gold, like any other mineral?

Its intrinsic quality

Its historical use as a standard economic unit

Supply and demand

The amount of gold in circulation

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much gold is asteroid 16 Psyche estimated to contain for every ounce found on Earth?

35 thousand ounces

35 million ounces

700 billion ounces

700 quintillion ounces

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What would be the likely consequence if all the gold from asteroid 16 Psyche were introduced into Earth's economy?

A 21st-century renaissance

A significant increase in global wealth and prosperity

A crash of the global economy, making gold practically worthless

A stable increase in gold's value due to increased supply

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What strategy would early asteroid mining entities likely employ to maintain profitability and control over their newly acquired resources?

Distribute wealth evenly around the world to stabilize the global economy.

Drip-feed resources into the market to preserve demand and avoid disrupting prices.

Immediately flood the market with resources to maximize short-term profits.

Establish international agreements to regulate resource distribution and pricing.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the predicted consequences of a new world order where a select few control asteroid-mined materials?

Increased global cooperation and equitable distribution of wealth.

Significant improvements in living standards for all ordinary people on Earth.

Growing disparities in wealth and power, increased global dependence on resource gatekeepers, and limited improvements for ordinary people.

A rapid transition to true abundance, making materials available in large quantities for everyone.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How might the introduction of vast mineral wealth from extraterrestrial sources impact nations that currently rely on terrestrial mining for their economy?

It would lead to increased demand for their mined minerals, boosting their economies.

These nations would struggle to fill the gap if demand for their minerals suddenly plunged, potentially leading to economic instability.

It would encourage these nations to invest more in terrestrial mining to compete.

It would have no significant impact as terrestrial and extraterrestrial markets are distinct.

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